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SGG Group completes acquisition of First Names Group
SGG Group, a leading investor services firm, backed by Astorg Partners, is pleased to announce that regulatory approval has been received and the transaction to acquire First Names Group has successfully completed.
This acquisition considerably strengthens SGG Group’s reach and capabilities in key markets such as Jersey, Guernsey, the Isle of Man, Switzerland, Cyprus and Ireland with the combined Group becoming a significant force in the provision of investor services to ultra-high-net-worth families, corporates and fund clients worldwide. As a result of this transaction the newly combined business has become the world’s fourth largest global investor services firm by revenue, now employing over 1,700 people across 22 jurisdictions.
A comprehensive review of the newly combined Group’s brands is currently underway and until this review is completed all businesses will continue to operate under their existing brand names.
Commenting on the acquisition, Serge Krancenblum, Group CEO of SGG Group, said:
"This acquisition represents a key milestone for SGG Group as we continue with our international expansion. First Names Group perfectly complements our existing client offering and grows our jurisdictional capabilities, giving us a truly global footprint while still allowing us to maintain personal relationships with our clients. Beyond this, First Names Group appealed to us because of its highly experienced team and client base which are highly complementary to ours, its similar history and shared vision for the future. We are very proud of this acquisition and we are excited to work together with the First Names Group team to take our combined business to new heights.”
Group Segment Leader Private Clients, previously First Names Group CEO, Mark Pesco, commented:
”At First Names Group we’ve been highly ambitious and delivered exceptional growth over the last few years. Joining forces with SGG Group is a hugely exciting opportunity as it brings a wealth of new opportunities for us as a combined business, for our people and especially for our clients. We have built a strong business, and now it’s time to embark upon the next stage of our business journey. I believe we have an extremely bright future ahead of us as part of SGG Group and look forward to working with the SGG Group management team in driving our now greatly expanded group towards even greater success in the future.”
Notes to editors
Group SGG Group is a leading global investor services firm providing a comprehensive range of compliance, administration, asset and advisory services to alternative investment funds, international companies, international families and entrepreneurs.
The Group is backed by Astorg, a French headquartered Private Equity group, which has been its majority shareholder since 2016. SGG Group is among the most flexible providers in the sector and our entrepreneurial spirit drives us to find the best solutions for our clients.
We help our clients realise their ambitions as they seek to keep pace with a changing environment. SGG Group attracts and retains the most experienced experts and invests in the industry’s leading technology platforms to deliver the highest quality service to our clients.
For SGG Group media queries please contact:
SGG Group Marketing & Communication Leader
T +230 213 8917 / M +230 5258 6364
Group General Counsel
T +352 466111 6451